Force Majeure Declared on Libya’s Al-Sharara Oilfield

Monday, January 8, 2024

The National Oil Corporation (NOC) of Libya has declared a force majeure on the Al-Sharara oilfield due to ongoing protests.  The closure became effective January 7, and has resulted in the suspension of crude oil supplies from the field to Zawiya terminal.

NOC says negotiations are ongoing to resume production as soon as possible.

Force majeure was also declared in March of 2022 due to disruptions by “suspicious gangs” costing the country millions of dollars per day.

Located in the Muzuq Basin in the south of the country, participants in the Al-Sharara field include state firm Acacus, Equinor, OMV, Repsol, and Total.

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